Customs duty tariff rate changes as per Indian Budget 2017-18
Central Excise Duty changes as per Indian Budget 2017-18
Service Tax rate tariff Changes under Indian Budget 2017-18
(Updating soon after Budget 2017-18 on 1st February,2017 with text format and pdf format)
The information provided here is part of Online export import training guide
Update on 29th February 2016, Budget 2016-17 changes in customs import duty tariff,excise duty and service tax
Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise
Indian Budget 2016-17, Excise duty tariff changes, chapter wise
Changes in Service Tax as per Budget 2016-17
Import Excise duty changes as per budget 2015-16 under HS code Chapter 85 ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS
As per Indian Budget 2015-16, the following excise import duty changes have been declared under import of ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS.
Please find below the extract of government notification:
“1) Excise duty on mobile handsets including cellular phone is being changed from 1% without CENVAT credit or 6% with CENVAT credit to 1% without CENVAT credit or 12.5% with CENVAT credit. S.No.263A of notification No.12/2012-Central Excise, dated 17th March, 2012 Notification No.12 of 2012-Central Excise, dated 17th March, 2012.pdf as amended by notification No.12/2015-Central Excise dated 1st March, 2015 Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf and Clause 104 of the Finance Bill, 2015 refer. NCCD of 1% on mobile handsets including cellular phone, remains unchanged.
2) Excise duty is being reduced from 12% to 6% on wafers for use in the manufacture of IC modules for smart cards, subject to actual user condition. Notification No.12/2012-Central Excise, dated 17th March, 2012 Notification No.12 of 2012-Central Excise, dated 17th March, 2012.pdf as amended vide notification No.12/2015-Central Excise dated 1st March, 2015 Central excise Notification No. 12 of 2015-CE, dt. 01-03-2015.pdf [new S. No. 145A] refers.
3) Excise duty is being reduced from 12% to 6% on all inputs for use in manufacture of LED driver and MCPCB for LED lights and Fixtures & LED Lamps, subject to actual user conditin. Notification No.12/2012-Central Excise, dated 17th March, 2012 as amended vide notification No.12/2015-Central Excise dated 1st March, 2015 [new S. No. 321B] refers.
4) RSP based assessment is being prescribed expressly for LED lights or fixtures including LED lamps (Chapter 85 or 94) with an abatement of 35%. S.No.101 of notification No.49/2008-Central Excise (N.T.), dated 24th December, 2008 as amended vide notification No.3/2015-Central Excise (N.T.), dated 1st March, 2015 and Clause 103 of the Finance Bill, 2015 refer.”
Do you wish to comment about the above changes in import excise duty for ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS under Indian Budget 2015-16
Discuss your views about the above changes of import excise duty for ELECTRICAL MACHINERY & EQUIP. & PARTS, TELECOMMUNICATIONS EQUIP., SOUND RECORDERS, TELEVISION RECORDERS.
The above information is a part of Import Export course online
Click below for more details:
Indian Budget 2015-16, Import Customs Duty Changes, chapter wise
Indian Budget 2015-16, Central Excise Duty Changes, chapter wise
Service Tax Changes as per Indian Union Budget 2015-16
Learn Exports and Imports free Click here to read.
Also read;
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Documentation procedures on high sea sale
Related posts about import export trade tutorial:
What is the difference between re-exports and re-imports What is VACIS exam in US import customs clearance
Tips to import of Articles of non knitted clothing How to import Articles of knitted or crocheted clothing accessories How to obtain GSP - Certificate of Origin? What is MET exam in US import customs clearance How to Import Vehicles other than Railway or Tramway Rolling Stock How to obtain a duplicate BL, if original bill of lading lost.
How to get exemption of Sales Tax under exports. How to obtain Phyto sanitary certificate. What is phytosanitary certification Dimension details of 20’ Aluminum Refrigerated containerb How to obtain a duplicate BL, if original bill of lading lost. What is Said to weigh in Bill of Lading Customs procedures to import Carpets Which category of exporter are you? Merchant Exporter,Manufacturer exporter,Service exporter Project Exporter or Deemed Exporter How to import coated or laminated textile prod for industrial use Difference between normal dry container and ventilated container